Day: October 27, 2018

Bitcoin Shows New Resilience as Markets Shake off Futures Settlement

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Bitcoin futures may have expired, but even that failed to produce volatility in cryptocurrency as markets remained flat Saturday, Oct. 27. Market visualization from Coin360 Data from CoinMarketCap and Coin360 confirm that the end of the trading week – and with it the payment date for CME Group’s Bitcoin futures – had essentially no effect on either Bitcoin (BTC) or altcoin prices. The behavior marks a stark contrast from just several months ago, with impending futures previously sparking losses in the run-up to their settlement date. On Friday, Cointelegraph had…

Coinbase at Devcon4 – The Coinbase Blog

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Hot on the heels of SF Blockchain Week, Ethereum enthusiasts and blockchain engineers from around the world are set to gather in Prague for the 4th annual Ethereum developers conference. Hosted by the Ethereum Foundation, Devcon covers all of the blockchain’s latest developments, as well as updates from the protocols, dapps, and services built on top of it. We’re excited to be joining the hundreds of other teams attending and can’t wait to meet and mingle. Here’s a sneak peek at where you’ll see some folks from Coinbase Wallet, and…

Coinbase Pro adds new security and usability features

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Today, Coinbase Pro is adding new features designed to make the user experience easier and safer than ever before. Address Book — an easy way for you to keep track of your frequently used crypto addresses Crypto Address Whitelisting — designed to restrict crypto transfers to addresses in your Address Book. We’re committed to being the safest, most trusted and easiest to use platform for trading cryptocurrencies, and these new updates are one more step along this journey. Address Book The new Address Book available today to all Pro customers lets users store any…

Want to Make Money as a Programmer? Learn Blockchain Development

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Despite the year-long bear market that has seen the prices of major cryptocurrencies drop 70 to 80 percent, the demand for blockchain developers is still at an all-time high. According to Mehul Patel, the CEO of San Francisco tech talent recruitment firm Hired, the demand for the blockchain has increased significantly in the past several months. The supply of software engineers is already low, and individuals that are well versed in the cryptocurrency sector are even more scarce. “There’s a ton of demand for blockchain. Software engineers are in very…

World’s Largest Crypto Exchange OKEx to Delist 50+ Trading Pairs Due to ‘Weak’ Performance

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Major Hong Kong-based cryptocurrency exchange OKEx will delist over 50 trading pairs with weak performance, according to an announcement published Oct. 25. As per the announcement, at 6:00 am Oct. 31, 2018 CET, the exchange will halt the trading of a swathe of pairs that they cite as having weak liquidity and trading volume. The exchange warned users that they should cancel their orders of the affected pairs from the platform. OKEx also made a point of noting that it will delist only the indicated trading pairs, but not the…

We Should Not ‘Scurry to Keep Pace’ With Fintech, Says CFTC Commissioner

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A new commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC) repeated called for handling fintech – including blockchain and cryptocurrency – with an “open mind” in a speech Thursday, Oct. 25. Speaking at the 2018 International Swaps and Derivatives Association (ISDA) Annual Japan Conference in Tokyo, Rostin Behnam, who has now held the post for a year, revealed he had spent much of that time focusing on issues related to disruptive fintech. “I am surprised by the amount of time I spent examining issues related to bitcoin, crypto…

Coinbase Staff Protest as Company Cuts ‘at Least 15’ Jobs, Say Sources

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U.S. cryptocurrency exchange and wallet provider Coinbase has cut “at least” fifteen staff after hiring 250 this year, Yahoo Finance quotes unidentified sources as saying Friday, Oct. 26. In a curious U-turn following a year of pledges to bolster the number of workers dealing with exploding customer demand, the company confirmed the lay-offs in a statement about its future hiring practices. “We’ve learned that certain teams who are co-located are more efficient, effective, and happier in their roles,” Yahoo quotes the statement as reading: “So moving forward, some teams –…

Alibaba Cloud’s Blockchain as a Service Now Available Outside China

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The cloud computing division of China’s largest online retailer Alibaba has announced the expansion of its Blockchain as a Service offering beyond its domestic market. In a statement, Alibaba Cloud disclosed that the blockchain service will now be available in the United States as well as countries in Europe and South East Asia. “Our customers in China have already experienced the benefits from our BaaS platform and we are excited to extend this service to other enterprise customers all over the world,” wrote Alibaba Cloud in a press release. Alibaba…

Germany’s Central Bank and Deutsche Börse Complete Blockchain Settlement Trial

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Germany central bank Deutsche Bundesbank, and Deutsche Börse have announced the successful completion of a performance test for two prototype blockchain-based securities settlement systems which they developed jointly. In an announcement posted earlier today, it was revealed that the prototype systems support settlement of regular payments, interest payments, securities transactions and repayment when bonds achieve maturity. The announcement further revealed that the systems were developed on Hyperledger Fabric version 1.0 and the Digital Asset platform. “Demanding Performance Tests” In a statement, the institutions stated that the prototypes were “subjected to…

Bitcoin is Still in the Middle of a Bear Market

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An inverse monetary velocity pattern indicates that bitcoin bulls are wrong about the market’s next bull run. Willi Woo, a prominent cryptocurrency market analyst, pitted the digital currency network value (or market cap) against the daily US Dollar volume transmitted through the blockchain. A proportion between the two equated into Bitcoin Network-to-Value (Bitcoin NV) Ratio, similar to P/E ratio used in equity markets.  A high Bitcoin BV indicates that the net value is exceeding the sum that is getting transmitted to Bitcoin’s payment network. It alternatively means that investors get…